Sacramento County (Calif.) Employees' Retirement System committed $30 million, partially redeemed assets from another fund and put an investment strategy on watch, confirmed Steve Davis, chief investment officer for the $13 billion pension plan, in an email.
SCERS committed $30 million to LaSalle China Logistics Venture, a non-core real estate fund managed by LaSalle Investment Management.
The system also redeemed $3.8 million from its position within Atalaya Special Opportunities Fund VI, a U.S. distressed debt fund managed by Atalaya Capital Management. SCERS had roughly $15 million in the Atalaya fund as of Dec. 31. Mr. Davis said the redeemed capital will be used to fund future private equity commitments.
In addition, core fixed-income manager TCW Group was added to the watchlist due to an organizational change within the firm. The manager runs $520 million on behalf of the plan.
Lakewood Capital Partners also remains on watch for performance reasons. The hedge fund manages $56 million for the Sacramento system. A representative from Lakewood could not be immediately reached for comment.
